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Dec 20, 2012
12/12
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new highs today, bank of america and citigroup. transports are near a 52-week high. railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new company. let's hope it has nyse in it. >> thanks. we want to slip in on a quick break and get those numbers out for the fourth quarter. house getting set to vote on the proposal. daniels took his state from deficit to surplus his few year in washington. i'll ask him what washington has to do. today morse will making agawa becoming the most popular group and what one member thinks of the i.c.e. negotiation. back in a moment. . >>> welcome back. to hammer out a debt deal, they may want to take a page from indiana's playbook. the state has about $2 billion in cash reserves and an estimated half a billion surplus heading into th
new highs today, bank of america and citigroup. transports are near a 52-week high. railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new company. let's hope it has nyse in it. >>...
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Dec 4, 2012
12/12
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good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what bowles is is that the speech that boehner
good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion....
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Dec 11, 2012
12/12
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groupon up 4% as ceo andrew mason speaks at a conference. he wouldn't respond to any of the juicy questions like whether the company needs new leadership or friday's report google is interested in groupon which sent it skyrocketing. given up gains, about 15% since friday. mason stressing groupon strength in mobile, a third his transactions on mobile devices saying mobile customers spend more and are more loyal. sue, over to you. >> thank you. time for the "power lunch" rundown. welcome, gentlemen. first up treasury selling remaining aig shares and nets $22.7 billion in the process. a nice tidy sumbu it took a while and it was a lot of hard work to get that. >> yes, the question for historians to debate is whether or not the success of this aig bail ott will encourage future generations of lawmakers to say, hey, you know what, last trim we made $22 billion. let's do it again. it seems to work. that's the question from now until the next major financial collapse. i hope that's a long time from now but it's something to think about. >> i want t
groupon up 4% as ceo andrew mason speaks at a conference. he wouldn't respond to any of the juicy questions like whether the company needs new leadership or friday's report google is interested in groupon which sent it skyrocketing. given up gains, about 15% since friday. mason stressing groupon strength in mobile, a third his transactions on mobile devices saying mobile customers spend more and are more loyal. sue, over to you. >> thank you. time for the "power lunch" rundown....
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Dec 19, 2012
12/12
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department still holds 22% after the sale to gm. again eliminated over the next 12 to 15 months. cup he other things to keep m mind, hasn't closed since july of 2011. right now just under that mark but it has been a long time since it's been at this level. by the way, gm's market share dropped 1.8% since the company went into bankruptcy back in june of 2009. tyler, a lot of people sit there and say, is gm better off? financially it's better off but its market share continues to erode. . >> at what point, phil, would the taxpayer actually break even on its gm stake? >> after selling these 200 million shares at 27.50, treasury would need to sell the remaining shares at approximately $70 a share. i don't think anyone believes we will see gm stock get up to $70 a share between now and 15 months from now. the treasury department will be taking some type after loss. maybe between 9 and $13 billion depending on where the shares are sold over the next year and a half. >> phil, thank you very much. sue? >> we are asking if the bailout of gm
department still holds 22% after the sale to gm. again eliminated over the next 12 to 15 months. cup he other things to keep m mind, hasn't closed since july of 2011. right now just under that mark but it has been a long time since it's been at this level. by the way, gm's market share dropped 1.8% since the company went into bankruptcy back in june of 2009. tyler, a lot of people sit there and say, is gm better off? financially it's better off but its market share continues to erode. ....
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Dec 30, 2012
12/12
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creation, the netscape browser, for more than $4 billion. creation, the netscape browser, for more than $4 billion. we'll be right back. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.
creation, the netscape browser, for more than $4 billion. creation, the netscape browser, for more than $4 billion. we'll be right back. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [...
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Dec 11, 2012
12/12
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eye 262
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even 1.6 trillion. at most is maybe, 22%, 23%. the additional -- >> but going over that cliff, that's real money. and by the way, that's not that revenue thing. that's the actual spend side that republicans like so much. >> you've got to -- >> a reasonable proposal. >> again, until we start talking about dealing with the long-term insolvency of our entitlement programs, you know, all this talk about taxes is just a point of diversion. at some point -- >> -- the taxes. >> at some point the american people need to understand exactly how much their government is costing. they have to understand that programs that they're relying on today are not going to be around tomorrow. and so every single minute we spent talking about 3% of the problem is where we're spending time ignoring 97% of the problem. and every single day i just saw where the president, where the president says, well now the modest medicaid reforms, they're off the table, we've already had others tell us that social security for future generations is off the table. yeah,
even 1.6 trillion. at most is maybe, 22%, 23%. the additional -- >> but going over that cliff, that's real money. and by the way, that's not that revenue thing. that's the actual spend side that republicans like so much. >> you've got to -- >> a reasonable proposal. >> again, until we start talking about dealing with the long-term insolvency of our entitlement programs, you know, all this talk about taxes is just a point of diversion. at some point -- >> -- the...
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Dec 26, 2012
12/12
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they estimate sales will be up 4%. a little bit of a difference of opinion on how things are going to play out. i just want to point out that retailers have had a fantastic run this year. the retail index, the rlx, if you can put that up, hit an historic high, historic high. right here, that was december 3rd. we're off of that high but only about 5%. on the year they're still outperforming everything else. take a look at the retailers on the year. we've had some big, big numbers from some of the retailers gap, tjx, target, macy's. all double digit gains. if you put up the retail index versus the s&p five, you'll see it's up 25% as a group all throughout the year. there's the retailers, here's the s&p 500. the retailers were outperform the s&p 500 for the fifth straight year. i predict it will. bottom line, i'm not saying there as not problems, but the numbers have been excellent. by the way, if you think the consumer is gone, take a look at the airline index. it hit a new high. today i.s.i. said holiday bookings, comme
they estimate sales will be up 4%. a little bit of a difference of opinion on how things are going to play out. i just want to point out that retailers have had a fantastic run this year. the retail index, the rlx, if you can put that up, hit an historic high, historic high. right here, that was december 3rd. we're off of that high but only about 5%. on the year they're still outperforming everything else. take a look at the retailers on the year. we've had some big, big numbers from some of...
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Dec 7, 2012
12/12
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4 news. >> now the s.e.c. is showing interest in ceo reed hastings. we check out the good, the bad, and the ugly. >>> it's jobs friday. "squawk box" begins right now. ♪ >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernen and steve liesman who is in for andrew ross sork been. the futures are weaker this morning. the dow futures only down 15 points right now so they've shown some improvement. s&p futures down 1 1/2 points. investors focused on the november jobs report which is out 90 minutes from now. the dow jones forecast is calling for 80,000 new nonfarm jobs for november with the unemployment rate remaining at 7.9%. reuters is expecting 93,000 jobs. >>> there's no deal to resolve the fiscal cliff but there are indications of inside-the-scenes talk. the white house told reporters that lines of communication remain open not sure exactly what that means but a spokesman for house speaker john boehner used a similar phrase. maybe that means call me? i don't k
4 news. >> now the s.e.c. is showing interest in ceo reed hastings. we check out the good, the bad, and the ugly. >>> it's jobs friday. "squawk box" begins right now. ♪ >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernen and steve liesman who is in for andrew ross sork been. the futures are weaker this morning. the dow futures only down 15 points right now so they've shown some improvement....
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Dec 21, 2012
12/12
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ male announcer ] lease a 2013 e350 for $579 a month you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 14, 2012
12/12
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this evening michelle and i will do what i know every parent in america will do which is hug our children a little tighter, and we'll tell them that we love them, and we'll remind each other how deeply we love one another, but there are families in connecticut who cannot do that tonight, and they need all of us right now. in the hard days to come, that community means needs us to be at best as americans, and i will do everything in my power as president to help because while nothing can fill the space of a lost child or loved one, all of us can extend a hand to those in need, to remind them that we are there for them, that we are praying for them, that the love they felt for those lost endures not just in their memories but also in ours. may god bless the memory of the victims and in the words of scripture heal the broken hearted and bind up their wounds. >> a poignant moment as the president had to take a few seconds a couple of times to collect himself as he thought about, as we all do, the young victims involved in this tragic shooting there in newtown, connecticut. john, this is often
this evening michelle and i will do what i know every parent in america will do which is hug our children a little tighter, and we'll tell them that we love them, and we'll remind each other how deeply we love one another, but there are families in connecticut who cannot do that tonight, and they need all of us right now. in the hard days to come, that community means needs us to be at best as americans, and i will do everything in my power as president to help because while nothing can fill...
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87
Dec 1, 2012
12/12
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even if apple falls below the 520 strike put with the $4 credit he took in mike would not see losses unless apple falls below that put strike price by more than the $4 credit he took in or below 516 by december expiration. below that level mike will see losses but by buying the 510 strike put mike has defined his risk. and no worries because since the time of the trade apple trades have rallied 12%. now "options action" fans are taking to itunes and downloading the show and they want to know one thing. what will mike do now? >> before we answer that let's see how much money was made. the structure is the total of $600. mike has made $365 meaning there is only $35 left. the first question is what are you doing? is this perhaps a case where it could have been better to be long options instead of short them? >> apple rebounded but it went up a lot in a short period of time. would have been nice to own call options but the rate of being short return options makes it appealing if you are not sure it will happen. those that follow us on twitter we recommended covering it. if you are still
even if apple falls below the 520 strike put with the $4 credit he took in mike would not see losses unless apple falls below that put strike price by more than the $4 credit he took in or below 516 by december expiration. below that level mike will see losses but by buying the 510 strike put mike has defined his risk. and no worries because since the time of the trade apple trades have rallied 12%. now "options action" fans are taking to itunes and downloading the show and they want...
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Dec 31, 2012
12/12
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it's crazy. >> and even keeps track of new messages on his blackberry. but he says he's never tried anything this dangerous. this man is actually typing out an email while driving in rush hour traffic. [engines whirring] >> i got it. joe's workday is a blur of business meetings... >> so this is the basic site. >> incoming phone calls. >> who are you? what do you do? how can i help you? >> and hundreds of emails. >> i can check emails and respond to emails. i can have a conversation on the telephone. joe hurd. i can have a conversation via im. and i can keep--exactly-- probably half an ear on a conversation with a person. >> in the room with you. >> yeah, exactly. can you do it now? >> if you're doing two or three things at the same time, are you really doing them all well? >> well, you know, this is not neurosurgery we're talking about here. >> well, it's work, though. >> but you can do a lot of that simultaneously. >> joe may be able to pull that off, but many corporate executives say the volume of voicemail and email they get has become unmanageable, e
it's crazy. >> and even keeps track of new messages on his blackberry. but he says he's never tried anything this dangerous. this man is actually typing out an email while driving in rush hour traffic. [engines whirring] >> i got it. joe's workday is a blur of business meetings... >> so this is the basic site. >> incoming phone calls. >> who are you? what do you do? how can i help you? >> and hundreds of emails. >> i can check emails and respond to...
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Dec 11, 2012
12/12
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> the fiscal
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 4, 2012
12/12
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america foundation. we know this everybody in dv has extremely long titles not tv friendly. jimmy, start off with you, because if you look at the gop's plan and the raising of revenues or taxes by the reduction of deductions and then you dig into the states where you get the most itemized deductions, whether mortgages, local, property, state taxes, he is -- the gop are going right after this the blue states. >> would you think. exactly right. particularly with the deduction for state and local taxes. talking the high-tax blue state, massachusetts, illinois, california, ones that went overwhelmingly for the president. >> they voted for the guy, i live in one of those states we get what we get, we don't get upset. >> think both sides should like it republicans should like it you are going after the blue state bus talking about upper income people for a great deal and the president wants more of those upper income people so the president should embrace -- embrace that plan. now you the mystery a little bit
america foundation. we know this everybody in dv has extremely long titles not tv friendly. jimmy, start off with you, because if you look at the gop's plan and the raising of revenues or taxes by the reduction of deductions and then you dig into the states where you get the most itemized deductions, whether mortgages, local, property, state taxes, he is -- the gop are going right after this the blue states. >> would you think. exactly right. particularly with the deduction for state and...
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Dec 5, 2012
12/12
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big gain for bank of america. they closed above ten and stayed above ten is very important. >> to me, i'm not certain why it's up. i'm 450 million shares normal buying. stock's up 6%. that's a tremendous move. i think there must have been some shorts courting this. technically we're above the may high. i think people will be looking to buy this breakout. i wouldn't be one of these people but it stands to reason it probably goes up tomorrow. >> all right. sometimes traders hit it out of the park and sometimes they swing and miss. let's play the good, the bad, the ugly. back the in october tim got a chance to dial in on a samsung trade. take a listen. >> i think samsung is the call. it is about hardware prices where i think apple can't compete with these guys and where they're losing market share. >> all right. that was a good call. up 14%. tim, what do you do with this? >> i think you can stay in samsung. i think you're seeing people rotate within asia and korea's had a pretty good run. samsung, the issue isn't goi
big gain for bank of america. they closed above ten and stayed above ten is very important. >> to me, i'm not certain why it's up. i'm 450 million shares normal buying. stock's up 6%. that's a tremendous move. i think there must have been some shorts courting this. technically we're above the may high. i think people will be looking to buy this breakout. i wouldn't be one of these people but it stands to reason it probably goes up tomorrow. >> all right. sometimes traders hit it out...
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Dec 11, 2012
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will you modify those to maximize new york and london even more? >> we will do -- we will take steps once we have the appropriate government approval, and we've had implementation of antitrust immunity, you would expect in 2014 that we will begin to maximize the slot portfolio, virgin atlantic and the fantastic brand that sir richard branson has built, to leverage it even more to the u.s. >> i want to talk more about richard branson. he made it very clear he's not going anywhere. the brand's not going anywhere. willie walsh has taken to making disparaging remarks. you said during the press conference you're not real keen on what he's been doing. correct? >> i think that's been going on between ba and virgin for a long time. sir richard branson has built a phenomenal pran chfranchise. the key value in the franchise is his leadership and the brand he's built. that's core to what our investment is. we have to have him, the virgin group, and their great product and great employees to be successful in this joint venture. so he is key to the tranks actio
will you modify those to maximize new york and london even more? >> we will do -- we will take steps once we have the appropriate government approval, and we've had implementation of antitrust immunity, you would expect in 2014 that we will begin to maximize the slot portfolio, virgin atlantic and the fantastic brand that sir richard branson has built, to leverage it even more to the u.s. >> i want to talk more about richard branson. he made it very clear he's not going anywhere....
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Dec 7, 2012
12/12
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true, thompson's been there for 22 years. new ceo, but skinner's gone. and by the way, so many ceos left on top -- they've left while they're on top because the there's no gas in the tank. that's a trade if it happens. you'll see some short covering. bottom line, too slow, too promotional. i'd put money elsewhere. >> the stock hasn't done well. >> had a phenomenal 2011. slowdown in 2012. when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if the market's up. >> you guys have made compelling cases. let's send it over to our jury, if you would. dr. j., who made the more compelling argument. >> well, okay, so i'm the guy that cuts the baby in half, t
true, thompson's been there for 22 years. new ceo, but skinner's gone. and by the way, so many ceos left on top -- they've left while they're on top because the there's no gas in the tank. that's a trade if it happens. you'll see some short covering. bottom line, too slow, too promotional. i'd put money elsewhere. >> the stock hasn't done well. >> had a phenomenal 2011. slowdown in 2012. when you look at the environment you can fully understand it. i love the skpaks. >> take a...
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Dec 4, 2012
12/12
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i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and everyone else accelerating or declaring specials. i think all of that is potential negative going forward to 2013. >> now, guys, the market is negle negative across the board. do you agree with what both jerrod and tony made the argument as long as we get a bit of the framework in place, before the end of the year, that the market doesn't go down, in my words, hard, which he didn't think it would. what do you think? >> i don't think it goes down hard. i think it's a little bit like a down grade of the u.s. debt. our debt gets downgra
i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and...
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Dec 4, 2012
12/12
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it's buying gambro for $4 billion. the deal's designed to boost baxter's present in the kidney dialysis market. >>> is going over the cliff the best option for democrats? our next guest thinks so, and here to give us his theory on going over the cliff and how to solve the debt crisis, howard dean is the former governor of vermont and a cnbc contributor. how are you? >> i'm good. >> we've talked when you've been in studio about parts of this, and i sort of knew you'd feel this way and i've told you, you know, we can do a lot with the deficit if we went back to the clinton-era tax rates. but they were supposed to sunset and it just never a good time it seems like. and if they do, three-quarters of the deficit is gone if they were all to sunset. is that that is right of your rationale? >> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in h
it's buying gambro for $4 billion. the deal's designed to boost baxter's present in the kidney dialysis market. >>> is going over the cliff the best option for democrats? our next guest thinks so, and here to give us his theory on going over the cliff and how to solve the debt crisis, howard dean is the former governor of vermont and a cnbc contributor. how are you? >> i'm good. >> we've talked when you've been in studio about parts of this, and i sort of knew you'd feel...
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Dec 6, 2012
12/12
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jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for real money gaming license in nevada which the company says will take as much as 18 months to get approved. but we have to remember that online gambling is still el legal here in the u.s. zynga has been lobbying for congress to change the law. texas's "hold 'em poker" has a million monthly users but it will be a long road to turn
jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and...
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Dec 27, 2012
12/12
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about 22 minutes. once again, we have a mixed picture, only the nasdaq is weaker. guys, ba to you. >> thanks, mary thompson. a check on nasdaq trading. seema mody there >> slightly lower on the day for nasdaq, waiting for a fiscal cliff negotiations in washington. marvel seeking to overturn a jury's patent infringement findings, you can see the stock continuing to move to the downside u stocks moving on the back of a holiday e-retail satisfaction index, a survey compiling -- a servais compiled between thanksgiving and christmas. amazon on top of the online shopping satisfaction survey you eighth consecutive year, however, customer satisfaction with apple's online store slipping three points this year, apple's lowest score in four years. speak of am, mobile wars heating up, nokia in the news. according to "wall street journal," the lumia phones sold at a discount or pro-sfrird free at some mobile carriers, seeing the stock lower on the day. look at research in motion after the being the best performing
about 22 minutes. once again, we have a mixed picture, only the nasdaq is weaker. guys, ba to you. >> thanks, mary thompson. a check on nasdaq trading. seema mody there >> slightly lower on the day for nasdaq, waiting for a fiscal cliff negotiations in washington. marvel seeking to overturn a jury's patent infringement findings, you can see the stock continuing to move to the downside u stocks moving on the back of a holiday e-retail satisfaction index, a survey compiling -- a...
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Dec 27, 2012
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also still 22% or 23% of houses in america that are under water. mortgages are bigger tharn the value of the home. and that's going to continue to -- >> are you bullish? >> on real estate? >> yeah. >> compared to where i was three years ago yes. but remember that house values are still 30% below where they were. so it's encouraging to see them come up but it's a long way back. >> okay. let's get a quick check on the markets. u.s. equity futures, see how the market is setting up today, as we flip it around there. dow jones looks like it will open up about 26-points higher. nasdaq will be up about four points and the s&p 500 a little over 2.5 points. overseas in asia, had a mixed day. shanghai composite was down 0.60. nikkei was off or up rather close to 1% and the bombay sensex off about 0.50. and let's go to europe for a quick moment and you can see there, green arrows across the board. so, nice news in europe. joe? >> president obama and the senate are back in washington, from their holiday break to take part in further talks on fiscal cliff negot
also still 22% or 23% of houses in america that are under water. mortgages are bigger tharn the value of the home. and that's going to continue to -- >> are you bullish? >> on real estate? >> yeah. >> compared to where i was three years ago yes. but remember that house values are still 30% below where they were. so it's encouraging to see them come up but it's a long way back. >> okay. let's get a quick check on the markets. u.s. equity futures, see how the market...
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Dec 18, 2012
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five years ibm up 75%, oracle 54%, microsoft down 22%. ibm and oracle also considered annuity type businesses. >> that's certainly a fair point. i think if you were to strip away, of course, the industry context from microsoft and look purely at their financials, there does seem to be a bit of a disconnect in the stock price given growth in earnings and financials overall. i think there's a messaging issue at work. certainly he's not the most telegenic of advocates for microsoft and would like to see the company combine forces really across what has been quite a silent organization. if that's his failure, i can't disagree with that. >> do you have any visibility at all in terms of how much longer he might remain in that position and what candidates, if any, there are to succeed him? >> there have been a lot of conspiracy theories floating around about potential acquisitions and successors. you know, he's nearing an age where a lot of his competitors have retired. i think he will look to step down when he's got something to be proud of. ho
five years ibm up 75%, oracle 54%, microsoft down 22%. ibm and oracle also considered annuity type businesses. >> that's certainly a fair point. i think if you were to strip away, of course, the industry context from microsoft and look purely at their financials, there does seem to be a bit of a disconnect in the stock price given growth in earnings and financials overall. i think there's a messaging issue at work. certainly he's not the most telegenic of advocates for microsoft and would...
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Dec 4, 2012
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there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases bu
there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12...
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Dec 13, 2012
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we're going to have a gas price of between $4 and $5 per 1,000 cubic feet. in the far east that same equivalent gas price is going to be more like $15. in europe that gas price is going to be about $9. so chemical industries, fertilizer industries, energy intensive industries are going to flock to the u.s. and help with an industrial revolution, i believe, over the next decade in the u.s. because of low natural gas prices. that's going to be great for the u.s. economy. >> thank you for all you've done to make the continent more energy independent. i thank you for being on the show, mark papa. >> thank you, jim. >> okay. that's mark papa, the chairman and ceo of eog resources. this man has found more oil for his shareholders than any other company i follow which is why it's been a great producer for not just oil but also for profits in the stock market. i'll try to make you more money. >>> coming up, overpowering? eaton's been on a roll since announcing acquisition of cooper industries. now that the deal is closed can this stock still light up the ticker? or
we're going to have a gas price of between $4 and $5 per 1,000 cubic feet. in the far east that same equivalent gas price is going to be more like $15. in europe that gas price is going to be about $9. so chemical industries, fertilizer industries, energy intensive industries are going to flock to the u.s. and help with an industrial revolution, i believe, over the next decade in the u.s. because of low natural gas prices. that's going to be great for the u.s. economy. >> thank you for...
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Dec 12, 2012
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with a 22% long term growth record, rates you don't usually speak of oil companies like a drug company or like a big industrial growth company but these guys are. let's talk to mark pappa chairman and ceo of eog resources. welcome back to "mad money." >> good afternoon, jim. >> all right. you got a chart in your most recent presentation says u.s. horizontal crude oil growth 2005 to 2012 equal 80% of crude oil production. isn't this chart a chart of almost everything that you've done? because how many other companies have your growth in those two fields? >> well, it is true that we're the ones that found those two horizontal plays. and we have the best position and the largest producer in the eagle third and one of the largest in the balkan shale play. we like to think we're the one that is kicked off this whole horizontal oil boom in the united states. and turned around the production in the u.s. >> and another page in your tremendous presentation which is probably the most bullish page i've seen in pages in terms of how i feel about the world and i think you do, too. 1920 to 2012, u.s
with a 22% long term growth record, rates you don't usually speak of oil companies like a drug company or like a big industrial growth company but these guys are. let's talk to mark pappa chairman and ceo of eog resources. welcome back to "mad money." >> good afternoon, jim. >> all right. you got a chart in your most recent presentation says u.s. horizontal crude oil growth 2005 to 2012 equal 80% of crude oil production. isn't this chart a chart of almost everything that...
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Dec 18, 2012
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joins us for the big reveal of number 4. herb. >> number four the winter is none other than mark pincus, zynga. this overpriced ipo, no strong strategy there. there's questionable management style. abrasive management style, defections among key personnel. top executives plus programmers. now you have a company trying to resurrect itself. all you have to do is look at the sales decline. it is a disaster. on the other side, some cash, free cash flow. beyond that this guy has not done a great job. >> isn't their deal with facebook has changed, hasn't it? >> the whole concept of what they are doing has currently changed. look, the big story going forward is gaming, mobile gaming, any type of gaming, real mobile gaming. >> some real money gambling thing they are trying to do in nevada. >> what i just mentioned. absolutely. is that something that will pull them out of the weeds, who knows. this is all about execution. we haven't seen it. we've seen somebody blinded by hubris which unfortunately happens especially with these ipos.
joins us for the big reveal of number 4. herb. >> number four the winter is none other than mark pincus, zynga. this overpriced ipo, no strong strategy there. there's questionable management style. abrasive management style, defections among key personnel. top executives plus programmers. now you have a company trying to resurrect itself. all you have to do is look at the sales decline. it is a disaster. on the other side, some cash, free cash flow. beyond that this guy has not done a...
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Dec 18, 2012
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bank of america closed at its 52-week high at $11, and then managed to climb even higher in the after-hours. so maybe she's just simply reaffirming what people are believing now. she knows there's been a major shift in sentiment when it comes to financials, seen as the new powerhouse for the markets going into 2013. we saw that yesterday with bank of america, citi, goldman sachs. goldman sachs also getting an upgrade today. >> bank of america, 15, citi's 47. both with market performs. david's right, she has ventured into the areas that maybe weren't her original expertise. but this is sort of going home to some degree, right? >> no doubt. we're paying attention, as we should. melissa points out the stocks moved. there's adversity of opinion when it comes to the financials. i would also argue there are differences between the financials themselves that perhaps will actually dictate different movements in their stock prices. morgan stanley more and more i think is becoming an asset management firm and may be viewed much more so as that, than a pure investment bank. whereas goldman sachs may b
bank of america closed at its 52-week high at $11, and then managed to climb even higher in the after-hours. so maybe she's just simply reaffirming what people are believing now. she knows there's been a major shift in sentiment when it comes to financials, seen as the new powerhouse for the markets going into 2013. we saw that yesterday with bank of america, citi, goldman sachs. goldman sachs also getting an upgrade today. >> bank of america, 15, citi's 47. both with market performs....
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Dec 5, 2012
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what happened, like 22 years later? we are doomed to repeat the same mistakes. >> we'll have this interview. we can go back next year and say we told you so. because it is going to happen. there's no question -- we're seeing $23 billion alone in this quarter being shifted from next year. so it's -- there's going to be billions in tax revenue that's unexpected this year and it is not going to happen next year. >> you want to run for congress? >> absolutely not. >> you want to fix this problem? >> though the vacation time is nice. >> i'm going to save this video on my palm pilot and revisit it in a year. >>> up next, what the ceo of one big oil company says about coming tax hikes and spending cuts. >>> plus, is the surface a bust? is microsoft ceo steve ballmer toast? so many questions. >>> here's today's "return on retirement." one of the largest tax expenditures are federal subsidies for 401(k)s, i.r.a.s and other accounts to encourage increased savings. how much will the u.s. spend in tax expenditures on subsidies for
what happened, like 22 years later? we are doomed to repeat the same mistakes. >> we'll have this interview. we can go back next year and say we told you so. because it is going to happen. there's no question -- we're seeing $23 billion alone in this quarter being shifted from next year. so it's -- there's going to be billions in tax revenue that's unexpected this year and it is not going to happen next year. >> you want to run for congress? >> absolutely not. >> you...
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Dec 6, 2012
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is it 22%? 15%? 25%? i don't know what it is, and you start adding back to priorities you want and everybody has them. what's important to our country? is business investment important, is accelerated depreciation important so we can continue investments? those are tradeoffs that come out through a reform process that's not going to be as easy and fun and as bloody as the fiscal cliff charade but has to be done. >> are there any specific tax expenditures directed at corporations whose elimination you would favor as part of bringing down the rate? >> well, no, actually, if we're all in for this, let's clear it out, broaden the base and get after a very low rate. >> i'm asking which one, so you'd favor complete elimination of accelerated depreciation, balancing capital gains. >> i think go right down to the bottom and start there and what's a priority. all of us from different interesting, manufacturing has a set of priorities, farmers have a set of priorities. that's where the debate, discussion, a lot of
is it 22%? 15%? 25%? i don't know what it is, and you start adding back to priorities you want and everybody has them. what's important to our country? is business investment important, is accelerated depreciation important so we can continue investments? those are tradeoffs that come out through a reform process that's not going to be as easy and fun and as bloody as the fiscal cliff charade but has to be done. >> are there any specific tax expenditures directed at corporations whose...
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Dec 3, 2012
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the 22 idle hours a day. that will get your attention. you were -- i'm told inspired by some degree by larry page. >> yeah, that's right. a few years ago larry gave us a challenge to come up with an idea that could positively impact 1 billion people in 10 years. and in looking at the future of transportation, we realized today's model was completely unsustainable. >> yeah, talk about inefficiency, wasted time. talk me through the mechanics of how it works. and as a user, as a car owner, what am i in control of? >> right. so as a car owner, you can very quickly come to our website and list your car. and then people will begin to request it. and you have complete control over what it costs to rent your car, when it's available, and who can rent it. with every rental, we include complete insurance, backed by berkshire hathaway, 24/7 roadside assistance and support. those are all provided by getaround. >> and you handle the billing, right? you collect the money. >> we do. we collect the money, and remit 60% to the car owner. we retain 40% whi
the 22 idle hours a day. that will get your attention. you were -- i'm told inspired by some degree by larry page. >> yeah, that's right. a few years ago larry gave us a challenge to come up with an idea that could positively impact 1 billion people in 10 years. and in looking at the future of transportation, we realized today's model was completely unsustainable. >> yeah, talk about inefficiency, wasted time. talk me through the mechanics of how it works. and as a user, as a car...
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Dec 5, 2012
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apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think the main catalyst today was an at&t investor conference where ex
apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally...
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Dec 21, 2012
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the hang seng is up about 22% for the day. pulling back this week, we're down .7% weighing heavily in this market were the chinese banks. the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a pretty ugly picture here, kelly, but if the world is going to end in a few hours, what does it matter? >> dierdre wang morris from singapore, thank you very much. >>> at play behind a lot of the sell-off is that u.s. house speaker john boehner has been dealt a major setback in his efforts to piece together legislation to help the economy avert the fiscal cliff. that headline is looming ten days away. steve handlesman is wrapping up the latest developments from capitol hill. >> reporter: the vote on boehner's plan b was canceled abruptly. a
the hang seng is up about 22% for the day. pulling back this week, we're down .7% weighing heavily in this market were the chinese banks. the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a...
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Dec 3, 2012
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. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month of the year but today the dow and s&p are down for the first time in four days. dow was up 61 points before the disappointing ism data at 10:00 a.m. this morning. it has never recovered. s&p is flirting with a three-week high even though it is slightly lower. nasdaq touched a one-month high earlier on. >>> never doubt the power of of the american consumer is what we always say here on "street signs." holiday shopping season is in full swing and that, my good people, has propelled the s&p retail next to a record high early again today, though as we speak it is slightly lower. let's get out to bob pisani. so much for december being a good month for stocks. >> well, we're just starting out but the big story i think is that no progress on the fiscal cliff. it
. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month of the year but today the dow and s&p are down for the first time in four days. dow was up 61 points before the...
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Dec 26, 2012
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my kids are 20 and 22. that's all they want. don't buy me clothes, mom. i just want money. just give me the gift card. it's a generational thing. >> so give them cash. >> yeah. even better. >> reporter: i can give them cash but it's a little safer, maybe, to carry a card around, maybe. maybe not. >> i don't know. i still like actually getting something rather than a gift card. anyway, good stuff. thanks so much, jane. we've got pretty promising home sales data out today but will that carry over into 2013? housing predictions for the new year are still ahead. >>> first, the growing knock-down, drag outage between amazon and netflix. which movies raked in the christmas day cash at the box office? we will sing our way through another "street signs" segment. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] g
my kids are 20 and 22. that's all they want. don't buy me clothes, mom. i just want money. just give me the gift card. it's a generational thing. >> so give them cash. >> yeah. even better. >> reporter: i can give them cash but it's a little safer, maybe, to carry a card around, maybe. maybe not. >> i don't know. i still like actually getting something rather than a gift card. anyway, good stuff. thanks so much, jane. we've got pretty promising home sales data out today...
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Dec 17, 2012
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the banks have been out of control here, you know, bank of america is up 22% from that november low. i think there's a lot of good news in these stocks right here. to the end of the day, when the rally felt a bit giddy, i bought some december quarterly puts in the qs near the money. and the nasdaq composite is really underperforming. it's down about 6% from the highs of the year. the s&p only down about 3%. i think there's going to be continued underperformance there. i want to focus on tech. >> but today, the nasdaq outperform and we had apple, a good tape, despite the downgrade from citi. >> apple looked pretty good. i thought it looked terrible for the last couple of weeks. but today bouncing back. what i would pick up on, what tim said about the bond yield. what i've been worried about is people taking money out of the bond market but not going into the stock market. just putting cash into their mattresses. today, you didn't see that. tlt down over 1%. lqd down 39 cents and the money was going back into the stock market. that's a good sign. i was a buyer. >> one day a trend does
the banks have been out of control here, you know, bank of america is up 22% from that november low. i think there's a lot of good news in these stocks right here. to the end of the day, when the rally felt a bit giddy, i bought some december quarterly puts in the qs near the money. and the nasdaq composite is really underperforming. it's down about 6% from the highs of the year. the s&p only down about 3%. i think there's going to be continued underperformance there. i want to focus on...
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Dec 14, 2012
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even on these new numbers you're shipping over 40 million iphones per quarter and we think the stock is not discounting much in the way of future innovation. i would bet there is going to be innovation over the next one to two years from apple. >> if hopes are high for what is taking place in china today here is what i read from one person today calling it the least eventful launch of an apple device in china. that accurate? what would that mean for your projections? >> well i know that there aren't the huge lines outside stores. they took reservations this time which probably largely explains that. some of my sources do suggest that the 5 will do well but probably not do a lot better than the 4s. i think the street is waiting for china mobile, the big wireless provider there to endorse the iphone which we expect late next year. so you still have a few more quarters to get through before that happens. from a stock perspective the other thing i mentioned besides the tax sale you've talked about is a shift in the base from growth to value investors. i think growth investors have been e
even on these new numbers you're shipping over 40 million iphones per quarter and we think the stock is not discounting much in the way of future innovation. i would bet there is going to be innovation over the next one to two years from apple. >> if hopes are high for what is taking place in china today here is what i read from one person today calling it the least eventful launch of an apple device in china. that accurate? what would that mean for your projections? >> well i know...
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Dec 14, 2012
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also a percentage at 29891.48. 2 3/4 right now at 1416.74. it would appear the markets are watchfully waiting to see what comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see the stock drop. instead, it rallied. right now, no, not so much. facebook down about 89 cents so 3% at 2735. but it is up about 25% over the past three months. julia has the details for us from washington. >> tyler, this is the fourth of five lockup expiration periods. today's potential sellers could also sell in ipos. we shouldn't see any
also a percentage at 29891.48. 2 3/4 right now at 1416.74. it would appear the markets are watchfully waiting to see what comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock...
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Dec 8, 2012
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger.
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger.
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Dec 20, 2012
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especially bank of america, up more than 100% for the year, not shabby. the story of 2013, looming housing shortage. so many home builders disappeared during that last downturn that the remaining ones can't keep up with the demand, prices are going higher everywhere. the best investment may be for me to tell you to go buy a house before the affordability goes away. certainly lock in that low rate. with employment not growing much, the consumer was supposed to be strapped and nervous in 2012. instead, last time we got figures from the federal reserve showing that household debt as a percentage of disposable income, 17-year low while spending on people's homes have been the strongest story out there. so they're spending and then they're not borrowing. you see, that's called nirvana, '94, that's what happened in 1994. we came in with a glut in every kind of structure. too many shopping centers. now we've got a shortage. pretty much in every category. as you know from the parade of real estate investment trust executives, i have them on the show because i nee
especially bank of america, up more than 100% for the year, not shabby. the story of 2013, looming housing shortage. so many home builders disappeared during that last downturn that the remaining ones can't keep up with the demand, prices are going higher everywhere. the best investment may be for me to tell you to go buy a house before the affordability goes away. certainly lock in that low rate. with employment not growing much, the consumer was supposed to be strapped and nervous in 2012....
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Dec 20, 2012
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even with the recent debacle over instagram's new private rules. facebook is up -- >> my draft pick as well. i'm not going to weigh in. >> because you are still under the ipo price. let us bring in, cantor fitzgerald, upping this price to 33. what do you like about facebook and why is it coming back? >> first of all, it is coming back because it went down too much. remember, this was $38 stock ipo that should have never been there. but dropped to 18. and at $18 considering the opportunities ahead of it, considering the growth rate expectations and eventually margin expansion. really a no-brainer. so the stock has had a nice run yesterday, as you said, we took our price target from 28 which is the stock had closed at a couple days prior. and the reason was three things. one, was the fact that we think intraquarter october/november were really, really good monthes. particularly for mobile engagement. we are seeing accelerating growth, which, as you recall, the area everyone was beating them over the head on. >> right. >> second, montization is improv
even with the recent debacle over instagram's new private rules. facebook is up -- >> my draft pick as well. i'm not going to weigh in. >> because you are still under the ipo price. let us bring in, cantor fitzgerald, upping this price to 33. what do you like about facebook and why is it coming back? >> first of all, it is coming back because it went down too much. remember, this was $38 stock ipo that should have never been there. but dropped to 18. and at $18 considering the...
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Dec 7, 2012
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the vote was 22-10-16, if i have that right. just minutes ago on this program, governor reiick snyder said he would sign the bill. now that it's passed, looks like it's going to happen. imagine that. the union workers' paradise going right to work. >>> residents of the los angeles area seniors complex are up in arms over the owner's order to take down the christmas tree because they're religious symbols. the company's owned the complex for four years and won't comment about the order. people who live there a while say this has never happened before. we say, drop the ban and light up that tree and the minoras. let there be no secular tyranny. by the way, they are christmas trees. don't forget that. >>> for a moment, forget about the fiscal cliff. the u.s. is already in a recession and has been since july, according to my next guest. here now with details on this recession call is lakshman achuthan, the distinguished co-founder and chief operating officer of the economic cycle research institute. lakshman, we've been talking about
the vote was 22-10-16, if i have that right. just minutes ago on this program, governor reiick snyder said he would sign the bill. now that it's passed, looks like it's going to happen. imagine that. the union workers' paradise going right to work. >>> residents of the los angeles area seniors complex are up in arms over the owner's order to take down the christmas tree because they're religious symbols. the company's owned the complex for four years and won't comment about the order....
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Dec 28, 2012
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>> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beasts in the budget remain medicare/medicaid, social security and defense. you have to cut almost everything else to zero to get close to balance or to make a big difference. so i think in today's world, given that those entitlements, even if you reform them and cut back back will increase as people like us eventually retire. it seems to me that sizing the government for something around 22 or so is probably doable. but not easy to get to. because you still have to have major cuts and major long titlement reform to get there. >> you see one of the major ceo guys, and i'm not going to quote which one, said yesterday looking for premiums on insurance to double because of obama care. and he said -- he made it very clear. he said we're going to cover 30 million people that aren't covered right now and it has to be paid for. irchbls's premiums are going to double. that they didn't tell us. >> that the costs would be up slightly. >> also, that's 30 million, 10% of the population. >> and that he they gave numbe
>> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beasts in the budget remain medicare/medicaid, social security and defense. you have to cut almost everything else to zero to get close to balance or to make a big difference. so i think in today's world, given that those entitlements, even if you reform them and cut back back will increase as people like us eventually retire. it seems to me that sizing the government for something...
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Dec 28, 2012
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it closed at 22 and change, the highest since june, and it's even moving higher from there, so the markets are con to respond, those markets that are still trading to the developments or the lack thereof coming out of washington. we'll come back. we've got more of the teetering as we get closer to the cliff. it's all hanging in the balance here. should you be buying or selling right now? two wall street money pros will tell you what they feel they should do coming up next. >> coming up, laut losing the farm on the ranch. what will happen to millions of farmers and ranchers across the country if congress does not get its act together. >> and also -- this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from gene
it closed at 22 and change, the highest since june, and it's even moving higher from there, so the markets are con to respond, those markets that are still trading to the developments or the lack thereof coming out of washington. we'll come back. we've got more of the teetering as we get closer to the cliff. it's all hanging in the balance here. should you be buying or selling right now? two wall street money pros will tell you what they feel they should do coming up next. >> coming up,...
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Dec 26, 2012
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a january 22 meeting, their inflation target will be raised from 1% which they're not even reaching up to 2%. however, i think the markets really, really short the yen right now. you have the timing issue of another four weeks until the b.o.j. meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there. i would put a stop loss at 8715 and my target is 8265. >> nice to see you. hope you had a good holiday. look forward to catching up with you. >> likewise. >> guys, what do you make of what we've seen in dollar yen? weiss, do you have a play? doc? >> well, their market turned on this pretty dramatically. it posted up 1.5% gain on the weakness out of the yen. so if that continues into next year, scott, which based on what he's just said that will n
a january 22 meeting, their inflation target will be raised from 1% which they're not even reaching up to 2%. however, i think the markets really, really short the yen right now. you have the timing issue of another four weeks until the b.o.j. meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy...
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Dec 17, 2012
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oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >> it's telling the move would bring that reaction. >> it is. because it was stuck for so long. i haven't seen a 1.7 -- >> it went 8, 7, 6, 5, 4, 7 -- >> i haven't seen 1.7 in weeks and weeks. >> i was saying it's telling about how incredibly dead and -- telling about the ten-year, how boring and how narrow the range has been. like when greenspan said, i need to see that. he hasn't needed to see it for a while. >> i don't think it is his favorite any more. >> it's like the allied financial commercial. do you know where cd rates will be in a year? can anyone tell you that?
oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >>...
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Dec 6, 2012
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i don't want to put up a lot of new stores in america. it sounds like the next growth leg will be international. are you saturated? i do see a lot of lululemon products in every store i go to these days. >> we do have our own stores, especially in the wholesale channels. we have a lot of same store growth in the u.s. and we're not going to go to the c-malls or the outer chairs. we usually use our e commerce reach for that. but we have got a very solid new store growth strategy in front of us as well as planting the seed for international and planting the seed for strong men's growth. so we will see our e commerce sales along with growth sales and international will continue to drive the growth of the company going forward. >> and another issue for me, you talk a lot in the press release about comparable store sales, and it sounds like a definitive slowdown and you also talk about the direct consumer channel. should we now regard comparable stores as not the important metric for lululemon? >> in the u.s. where our sales square foot -- you'
i don't want to put up a lot of new stores in america. it sounds like the next growth leg will be international. are you saturated? i do see a lot of lululemon products in every store i go to these days. >> we do have our own stores, especially in the wholesale channels. we have a lot of same store growth in the u.s. and we're not going to go to the c-malls or the outer chairs. we usually use our e commerce reach for that. but we have got a very solid new store growth strategy in front of...